DePin an update

Good morning/evening
 
You may be aware I used to be involved in DePin (before it even had the DePin name) I started with Helium.....In a big way and it moved on from there, DePin once felt like the next big thing in crypto, real world infrastructure powered by everyday users but after a few years in the space, is it actually delivering? I eventually moved profits from Helium into Solana and Bitcoin and then well everything crypto, but every now and then I do a little update on how all the DePin projects I am in are performing, so here goes.
 
Helium
 
I have written plenty about this so just an update, although I noticed that Grayscale included HNT in its Q2 "Assets Under Consideration" list on April 13, 2026 so perhaps there will be renewed interest in the token.
Out of my 6 hotspots that are still working, for 1 month i earned 0.87 HNT which at the time of writing was $0.98, My husband has 5 Hotspots and is earning much the same as me, sometimes slightly more and my sons 2, now earn him virtually nothing, but both of us send him ours every now and then.
It has been like this for some time but we have done nothing for years with these, no more upgrades, they even go off every now and then and honestly some are still on internet towers so it is not worth the cost of getting them down, so they will just stay there working or otherwise, IMO Helium miners are no longer worth active investment but we did all make ROI and what we earn now may be small but it is passive and perhaps the price of HNT will go up at some point in the future.
 
 
WXM (WeatherXM)
 
Waited for 3 years for TGE which was in May 2024 and I first sold some around $1.50 per token but what was going to be an airdrop turned into a drip feed over 12 months, but I was selling as and when we were given our tokens, made ROI and a little extra and again sent it to our sons account. It has been over a year now since token launch and the token price is currently $0.007. They were never able to sell the data, but I expected this and that's why I sold as soon as I could. The battery ran out a couple of weeks ago so I switched it off, it is no longer worth keeping on which is quite sad really but this chart says it all! I may have made my ROI, but the long term sustainability failed here with this project.

 
https://coinmarketcap.com/
 
Wingbits
 
Now this is a flight tracking project and I have been in this from almost the beginning, the team are great, they have always been open about what is going on, when we needed geo signers on our BYO (build/bring your own) device they sent them to us free of charge as when the OGs first joined you couldn't buy a device, it was a nice touch. They also started with hexes so that an area was not oversaturated, they were $20 and I had one, when they abandoned this idea I was offered a refund or tokens, I took tokens but it was a nice gesture. Now I did take profit on some tokens on TGE day but I fear this project will only go down unless they are able to sell the data. A lot of projects use the term 'use case' but if it makes no money or nobody is trading the token, well it will sadly only continue to go down. Wingbits has a strong team, but success depends entirely on real revenue and I hope they achieve this.
 
On the plus side, Wingbits has a shop and some partners and you can use your Wings token to get vouchers and discounts on things and I even have an NFT.
 

 
 
WINGS chart from https://www.coingecko.com/

 
 
I also have a couple of the free DePin things running on an old phone, whether they even have an airdrop, well we will have to see and Natix network, which was a road mapping project that you used your phone for is discontinuing, you need 25K tokens to withdraw, I had mine staked and I have 21K but it is $1.50 so not worth bothering about to be honest.
 
There may be other projects in DePin that are working well, to be honest I am not looking at new projects so am not keeping up to date on DePin either, but then I also wrote a post some time ago about the number of DePin projects that I did look at to see if they actually launched and how they were doing and it was quite shocking at the amount that did not even get to a token generation. Some of the devices for these projects were anywhere between $500 up to $1000 so it goes to show that although some of these sound great it can be risky. DePin still has a compelling idea, but without real revenue, most of these projects struggle to survive beyond the early hype.
Now I just do the occasional checks on the ones I am running, but what are your thoughts? Do you think DePin projects have a future? The idea of them is great in theory but do they actually work in practice? As always, thank you for reading and feel free to comment.